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47330 Silver Valley
Single Family Cash-flow positiveWithin your budget

47330 Silver Valley

47330 Silver Valley, Newberry Springs, CA

3 beds 2 baths 1,560 sqft

Discover comfort and tranquility on this beautiful location At Newberry Spring. Bring your tolls and make this home raised again to it formal retreat look. Property is located on a corner lot with access to 15 and 40 freeways and just minutes from Barstow. House needs TLC and lot of love to make your dream home. There is a dry lake that can be refill again to enjoy the summer times( Buyer to contact Mojave river to discuss water rights.) The 5 acres lot gives you the opportunity to put all your toys.

List price

$120,000

Est. monthly rent

$1,800

DSCR2.07×

Lender minimum: 1.25×

Monthly cash flow

$672

Cash-on-cash return

22.39%

Down payment (25%)$30,000
Closing costs (5%)$6,000
Total cash needed$36,000
Loan amount (75%)$90,000
Monthly mortgage (7.50%, 30yr)$629
Annual property taxes$1,500
Insurance, vacancy, mgmt.$4,488
Net operating income (yr)$15,612
Gross yield18.00%

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